EZJ vs. EW

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra MSCI Japan (EZJ) and Edwards Lifesciences Corporation (EW).

EZJ is a passively managed fund by ProShares that tracks the performance of the MSCI Japan Index (200%). It was launched on Jun 2, 2009.

Performance

EZJ vs. EW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Japan (EZJ) and Edwards Lifesciences Corporation (EW). The values are adjusted to include any dividend payments, if applicable.

EZJ vs. EW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EZJ ProShares Ultra MSCI Japan	11.08%	42.72%	3.31%	30.78%	-38.23%	-1.96%	22.21%	33.76%	-30.99%	49.10%
EW Edwards Lifesciences Corporation	-4.68%	15.16%	-2.91%	2.20%	-42.41%	42.00%	17.32%	52.31%	35.90%	20.29%

Returns By Period

In the year-to-date period, EZJ achieves a 11.08% return, which is significantly higher than EW's -4.68% return. Both investments have delivered pretty close results over the past 10 years, with EZJ having a 10.14% annualized return and EW not far ahead at 10.49%.

EZJ

• 1D: 4.93%
• 1M: -9.50%
• YTD: 11.08%
• 6M: 18.75%
• 1Y: 56.99%
• 3Y*: 23.69%
• 5Y*: 4.55%
• 10Y*: 10.14%

EW

• 1D: 1.47%
• 1M: -6.79%
• YTD: -4.68%
• 6M: 6.49%
• 1Y: 13.07%
• 3Y*: -0.60%
• 5Y*: -0.62%
• 10Y*: 10.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

EZJ vs. EW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZJ

EZJ Risk / Return Rank: 70
EZJ Sharpe Ratio Rank: 70
EZJ Sortino Ratio Rank: 70
EZJ Omega Ratio Rank: 66
EZJ Calmar Ratio Rank: 74
EZJ Martin Ratio Rank: 68

EW

EW Risk / Return Rank: 58
EW Sharpe Ratio Rank: 60
EW Sortino Ratio Rank: 54
EW Omega Ratio Rank: 51
EW Calmar Ratio Rank: 62
EW Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZJ vs. EW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) and Edwards Lifesciences Corporation (EW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EZJ	EW	Difference
Sharpe ratio Return per unit of total volatility	1.29	0.55	+0.74
Sortino ratio Return per unit of downside risk	1.85	0.98	+0.87
Omega ratio Gain probability vs. loss probability	1.25	1.11	+0.14
Calmar ratio Return relative to maximum drawdown	2.06	0.95	+1.10
Martin ratio Return relative to average drawdown	7.31	2.63	+4.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EZJ vs. EW - Sharpe Ratio Comparison

The current EZJ Sharpe Ratio is 1.29, which is higher than the EW Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of EZJ and EW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EZJ	EW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	0.55	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	-0.02	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.32	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.51	-0.30

Correlation

The correlation between EZJ and EW is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EZJ vs. EW - Dividend Comparison

EZJ's dividend yield for the trailing twelve months is around 1.86%, while EW has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EZJ ProShares Ultra MSCI Japan	1.86%	1.13%	2.09%	1.11%	0.56%	0.00%	0.00%	0.24%	4.49%
EW Edwards Lifesciences Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EZJ vs. EW - Drawdown Comparison

The maximum EZJ drawdown since its inception was -58.63%, which is greater than EW's maximum drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for EZJ and EW.

Drawdown Indicators

	EZJ	EW	Difference
Max Drawdown Largest peak-to-trough decline	-58.63%	-54.32%	-4.31%
Max Drawdown (1Y) Largest decline over 1 year	-26.78%	-12.73%	-14.05%
Max Drawdown (5Y) Largest decline over 5 years	-58.63%	-54.32%	-4.31%
Max Drawdown (10Y) Largest decline over 10 years	-58.63%	-54.32%	-4.31%
Current Drawdown Current decline from peak	-17.41%	-37.82%	+20.41%
Average Drawdown Average peak-to-trough decline	-21.39%	-14.31%	-7.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.53%	4.61%	+2.92%

Volatility

EZJ vs. EW - Volatility Comparison

ProShares Ultra MSCI Japan (EZJ) has a higher volatility of 18.88% compared to Edwards Lifesciences Corporation (EW) at 7.95%. This indicates that EZJ's price experiences larger fluctuations and is considered to be riskier than EW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EZJ	EW	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.88%	7.95%	+10.93%
Volatility (6M) Calculated over the trailing 6-month period	31.15%	17.43%	+13.72%
Volatility (1Y) Calculated over the trailing 1-year period	44.49%	24.02%	+20.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.39%	32.49%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.55%	32.59%	+1.96%